Pension Fund Regulatory and Development Authority is committed to provide the National Pension System subscribers with an enhanced experience during their NPS journey, another digital mode of contribution has been enabled. Pension Fund Regulatory and Development Authority released this circular on the date of 06.12.2023.
Subscribers are provided with the option of contributing directly from their Bank Account using D-Remit. The D-remit Id contains 15 digits which has to be added as a beneficiary in Internet banking while transferring voluntary contribution from the subscribers’ Savings Bank Account. NPS subscribers can now contribute to their NPS accounts using the D-remitbased Quick Response (QR) code. The subscribers can scan the QR code and make contributions using any UPI-enabled application. The QR code is unique to each subscriber which can be saved offline for making payments and the QR codes are different for Tier I and Tier II. Only subscribers who have enabled D-remit Id can make the QR code-based contributions into NPS.
